Report: Wilpons may owe billion

January, 28, 2011
1/28/11
5:27
PM ET
The New York Times, citing a source, reported Irving Picard, the trustee charged with recovering funds for Madoff victims, could be seeking as much as $1 billion from the Wilpon family in the sealed lawsuit, by taking into account their conduct in addition to actual Ponzi scheme gains.

"I think [Fred Wilpon] has a very serious problem," the newspaper quoted the source. "If that's true, he might have to sell the Mets."

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